# Trump's tariff threat puts US farm exports to China at risk

> About half of US soybean output shipped to China in 2023, worth $15.2 billion, but Chinese buyers have shifted to Brazil and the US share of China's soybean imports fell to 18% this year. US corn exports to China have also lost ground to Brazil since 2022.

- Date: 2024-11-07 · published 2024-11-07T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/14703-trump-s-tariff-threat-puts-us-farm-exports-to-china-at-risk
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Trump's tariff threat puts a large share of US soybean and corn export demand at risk, and continued diversion to Brazil weakens the US export basis and futures prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-11-14 | [Trump’s tariffs seen delivering a repeat blow to US farm exports – Roll Call](https://feedsoft.ai/events/14708-trump-s-tariffs-seen-delivering-a-repeat-blow-to-us-farm-exports-roll-call.md) | -1.4% | -0.8% |
| SOY | 2018-04-04 | [China Tariff Threat Prompts U.S. Farmers to Weigh Changes](https://feedsoft.ai/events/65377-china-tariff-threat-prompts-u-s-farmers-to-weigh-changes.md) | +1.2% | +0.4% |
| SOY | 2025-08-25 | [Tariff escalations trigger another decline in US farm exports to China](https://feedsoft.ai/events/14640-tariff-escalations-trigger-another-decline-in-us-farm-exports-to-china.md) | +0.0% | -2.5% |
| SOY | 2024-03-25 | [Trump tariffs create risks for US ag exports \| Latest Market News](https://feedsoft.ai/events/14770-trump-tariffs-create-risks-for-us-ag-exports-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2018-06-18 | [Trump's tariff war threatens to erode support of farmers](https://feedsoft.ai/events/10573-trump-s-tariff-war-threatens-to-erode-support-of-farmers.md) | -1.2% | -8.4% |
| CORN | 2024-11-14 | [Trump’s tariffs seen delivering a repeat blow to US farm exports – Roll Call](https://feedsoft.ai/events/14708-trump-s-tariffs-seen-delivering-a-repeat-blow-to-us-farm-exports-roll-call.md) | +0.2% | +0.4% |
| CORN | 2018-04-04 | [China Tariff Threat Prompts U.S. Farmers to Weigh Changes](https://feedsoft.ai/events/65377-china-tariff-threat-prompts-u-s-farmers-to-weigh-changes.md) | +0.2% | +1.9% |
| CORN | 2025-08-25 | [Tariff escalations trigger another decline in US farm exports to China](https://feedsoft.ai/events/14640-tariff-escalations-trigger-another-decline-in-us-farm-exports-to-china.md) | +1.9% | +7.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/us-farm-exports-china-risk-trumps-tariff-threat-2024-11-07/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.